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Company Registration No. 07346766 (England and Wales)
BUBBLE TELEVISION GROUP LIMITED Unaudited accounts for the year ended 30 June 2023
BUBBLE TELEVISION GROUP LIMITED Unaudited accounts Contents
Page
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BUBBLE TELEVISION GROUP LIMITED Company Information for the year ended 30 June 2023
Directors
Christos Phinikas Samuel Phinikas
Company Number
07346766 (England and Wales)
Registered Office
13 BERWICK STREET SOHO LONDON W1F 0PW
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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BUBBLE TELEVISION GROUP LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
384,922 
260,976 
Investments
6,005 
6,005 
390,927 
266,981 
Current assets
Inventories
69,245 
38,321 
Debtors
600,302 
1,341,880 
Cash at bank and in hand
1,128,802 
547,741 
1,798,349 
1,927,942 
Creditors: amounts falling due within one year
(1,236,641)
(1,512,766)
Net current assets
561,708 
415,176 
Total assets less current liabilities
952,635 
682,157 
Creditors: amounts falling due after more than one year
(163,017)
(163,147)
Provisions for liabilities
Deferred tax
(70,422)
(47,099)
Net assets
719,196 
471,911 
Capital and reserves
Called up share capital
200 
200 
Share premium
6,000 
6,000 
Profit and loss account
712,996 
465,711 
Shareholders' funds
719,196 
471,911 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by
Samuel Phinikas Director Company Registration No. 07346766
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BUBBLE TELEVISION GROUP LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
BUBBLE TELEVISION GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07346766. The registered office is 13 BERWICK STREET, SOHO, LONDON, W1F 0PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
15% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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BUBBLE TELEVISION GROUP LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
259,060 
763,574 
29,999 
66,916 
49,618 
1,169,167 
Additions
77,794 
130,532 
- 
17,209 
5,772 
231,307 
At 30 June 2023
336,854 
894,106 
29,999 
84,125 
55,390 
1,400,474 
Depreciation
At 1 July 2022
121,895 
679,498 
3,000 
55,905 
47,893 
908,191 
Charge for the year
50,778 
44,317 
5,400 
6,200 
666 
107,361 
At 30 June 2023
172,673 
723,815 
8,400 
62,105 
48,559 
1,015,552 
Net book value
At 30 June 2023
164,181 
170,291 
21,599 
22,020 
6,831 
384,922 
At 30 June 2022
137,165 
84,076 
26,999 
11,011 
1,725 
260,976 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2022
6,005 
Valuation at 30 June 2023
6,005 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,094 
Trade debtors
341,364 
1,102,402 
Amounts due from group undertakings etc.
197,805 
152,857 
Accrued income and prepayments
30,858 
46,502 
Other debtors
30,275 
34,025 
600,302 
1,341,880 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
32,267 
- 
Obligations under finance leases and hire purchase contracts
3,130 
8,125 
Trade creditors
114,966 
138,854 
Taxes and social security
86,316 
69,838 
Accruals
999,962 
1,295,949 
1,236,641 
1,512,766 
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BUBBLE TELEVISION GROUP LIMITED Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
23,133 
26,263 
Other creditors
139,884 
136,884 
163,017 
163,147 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
10
Average number of employees
During the year the average number of employees was 20 (2022: 20).
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